Confirmed the International Monetary Fund. On Thursday. That Morocco has achieved during the year 2011, "the highest" rate of growth of output domestic product in the Middle East and North Africa (MENA) region. Highlighting that economic policies "sound" will employ Morocco helped to mitigate the impact of the global crisis. And enabled him to meet pressing social needs.
The International Monetary Fund. In a note published today on its website. Despite circumstantial inappropriate. The GDP of the Kingdom moved from 3.7 percent in 2010 to about 5 percent in 2011. The highest rate in the Middle East and North Africa. At a time when the inflation rate fell to less than 1 percent. , The lowest rate in the region.
It noted the financial institution. Which is based in Washington. That the rise in oil prices led to a widening trade deficit and fiscal deficit. And because of the high volume of aid. Note that the Board of Directors of the Fund had agreed at the beginning of this month to grant Morocco "line of prevention and liquidity" credit for 24 months worth of 6.21 billion dollars.
The memo pointed out that the continuation of these pressures up to 2012. Pay the Moroccan authorities to take corrective measures. Including the conduct of large increases in domestic prices of many energy products in early June within the framework of a broad program to improve social protection and increase its effectiveness. And ensure continuity of public finances.
She added that it is expected that these measures will help. Accompanied by a decline in international oil prices recently. To contain fiscal pressures and external pressures. And maintain a comfortable level of international reserves
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